Artificial Intelligence could take away 300 million jobs
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IBM to pause hiring in plan to replace 7,800 jobs with AI - Bloomberg News
International Business Machines Corp (IBM.N) expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30% of non-customer-facing roles could be replaced by AI and automations in five years.
His comment comes at a time when AI has caught the imagination of people around the world after the launch of Microsoft Corp-backed (MSFT.O) OpenAI's viral chatbot, ChatGPT, in November last year.
The reduction could include not replacing roles vacated by attrition, the PC-maker told the publication.
IBM did not immediately respond to a Reuters request for comment.
IBM to pause hiring in plan to replace 7,800 jobs with AI, Bloomberg reports
International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.
BT to cut 55,000 jobs with up to a fifth replaced by AI
Telecoms giant BT is to shed up to 55,000 jobs by the end of the decade, mostly in the UK, as it cuts costs.
Up to a fifth of those cuts will come in customer services as staff are replaced by technologies including artificial intelligence.
The headcount reduction from the current workforce of 130,000 includes staff and contractors.
"Whenever you get new technologies you can get big changes," said chief executive Philip Jansen.
He said "generative AI" tools such as ChatGPT - which can write essays, scripts, poems, and solve computer coding in a human-like way - "gives us confidence we can go even further".
Mr Jansen said AI would make services faster, better and more seamless, adding that the changes would not mean customers will "feel like they are dealing with robots".
"We are multi-channel, we are online, we have 450 stores and that's not changing at all," he said.
"There are plenty of opportunities for our customers to deal with people at BT, plenty of people to speak to."
Mr Jansen added that "new technologies drive new jobs", although BT has said it will have a"much smaller workforce" by the end of the 2020s.
BT, which is the UK's largest broadband and mobile provider, is currently continuing to expand its fibre network as it moves away from copper. The company said that once the work was completed it would not need as many staff to build and maintain its networks.
In addition, newer, more efficient technology, including artificial intelligence, means fewer people will be needed to serve customers in future, it said.
The move comes shortly after Vodafone said it would axe a tenth of its staff over the next three years, equating to 11,000 jobs.
UK hit
Mr Jansen said BT would become "a leaner business with a brighter future", with the firm planning to get rid of between 40,000 and 55,000 jobs by 2030.The firm has about 80,000 employees in the UK, and this is where the bulk of the cuts will come. It has about 20,000 staff abroad.
It also has 30,000 contractors, mainly abroad. Many of those roles will go.
The cuts break down as:
- More than 15,000 cuts as BT completes building fibre networks in the UK
- More than 10,000 as new UK networks require less maintenance
- More than 10,000 from using new tech including AI
- About 5,000 from restructuring
"The introduction of new technologies across the company, along with the completion of the fibre infrastructure build replacing the copper network, was always going to result in less labour costs for the company in the coming years," a CWU spokesperson said.
But the union said it wants BT to keep as many of its core employees as possible, with job cuts coming from sub-contractors "in the first instance", and through roles not being replaced as people leave the business.
The BT announcement was made as it reported a 12% drop in profits of £1.7bn for the year to April.
Its shares fell more than 7% after its results fell short of analysts' expectations.
BT to cut 55,000 jobs with up to a fifth replaced by AI
The telecoms giant plans to shed up to 40% of its workforce by the end of the decade to cut costs.
www.bbc.com
Ernestostvo
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The whole AI-taking jobs thing can sound pretty scary. But you know, it might not be all bad news. Like, think about it, AI could actually create new types of jobs we haven't even thought of yet! Plus, there are some careers, like HVAC, where you're pretty safe. One a great pro of the HVAC career is an Early Career Start. With HVAC, you're getting hands-on experience early on, which is super valuable. So, while AI might change things up, there's always a silver lining, right? And even if AI does take some jobs, it could free us up to focus on more creative and fulfilling work. Like, imagine a world where we don't have to do the boring, repetitive stuff because AI's got it covered.
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